Park Colour Solutions Limited - Accounts to registrar (filleted) - small 18.1

Park Colour Solutions Limited - Accounts to registrar (filleted) - small 18.1

PARK COLOUR SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 05681852 (England and Wales)










Financial Statements for the Year Ended 31 January 2018

for

Park Colour Solutions Limited
Park Colour Solutions Limited (Registered number: 05681852)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Colour Solutions Limited

Company Information
for the Year Ended 31 January 2018







DIRECTOR: L D Clarke





SECRETARY: Mrs L Clarke





REGISTERED OFFICE: 33a High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 05681852 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
33A High Street
Belper
Derbyshire
DE56 1GF
Page 1
Park Colour Solutions Limited (Registered number: 05681852)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,037 8,984
7,037 8,984

CURRENT ASSETS
Stocks 7,750 5,275
Debtors 6 65,201 60,107
Cash at bank 35,985 44,100
108,936 109,482
CREDITORS
Amounts falling due within one year 7 54,580 67,166
NET CURRENT ASSETS 54,356 42,316
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,393
51,300

PROVISIONS FOR LIABILITIES 554 792
NET ASSETS 60,839 50,508

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,739 50,408
SHAREHOLDERS' FUNDS 60,839 50,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Park Colour Solutions Limited (Registered number: 05681852)

Balance Sheet - continued
31 January 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 April 2018 and were signed by:





L D Clarke - Director


The notes form part of these financial statements

Page 3
Park Colour Solutions Limited (Registered number: 05681852)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Park Colour Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

Page 4 continued...
Park Colour Solutions Limited (Registered number: 05681852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2017
and 31 January 2018 1
AMORTISATION
At 1 February 2017
and 31 January 2018 1
NET BOOK VALUE
At 31 January 2018 -
At 31 January 2017 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2017 98,681
Additions 400
At 31 January 2018 99,081
DEPRECIATION
At 1 February 2017 89,697
Charge for year 2,347
At 31 January 2018 92,044
NET BOOK VALUE
At 31 January 2018 7,037
At 31 January 2017 8,984

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade debtors 55,777 49,594
Other debtors 9,424 10,513
65,201 60,107

Page 5 continued...
Park Colour Solutions Limited (Registered number: 05681852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade creditors 6,438 6,129
Taxation and social security 36,448 49,599
Other creditors 11,694 11,438
54,580 67,166

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr L D Clarke, introduced funds to and withdrew funds from the company by way of a
director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the
director £3,741 (2017: director owed the company £1,188) and this amount is included in creditors.

9. RELATED PARTY DISCLOSURES

During the year the company lent funds to Thomas Bradley Investments Limited, a company registered in England and
Wales in which the director, Mr L D Clarke, has a material interest. The loan was interest free and the amount of £41,942
was written off during the year. (2017: £30,068 loan was written off during the year).

During the year the company lent funds to EM2 Developments Limited, a company registered in England and Wales in
which the director, Mr L D Clarke, has a material interest. The loan was interest free and the amount of £27,388 was written
off during the year. (2017: £71,341 was written off during the year).

10. ULTIMATE CONTROLLING PARTY

The controlling party is L D Clarke.

Page 6